Cybercrime in Banking

Cybercrimes are growing in frequency and sophistication; financial institutions must be aware and prepared for these threats. This session will explore different types of cybercrimes such as Ransomware, Corporate Account Takeover, and Wire/ACH Fraud. As with many cybercrimes, phishing attacks are used to perpetuate these crimes against financial institutions and their partners. Technology has changed our industry and is an essential component of each business unit. Some of the larger losses that financial institution could see in the future could be cybersecurity related. Understanding how cybercrimes work and the effects on our industry is critical in improving an institutions overall governance and decision making processes.

Covered Topics:

  • Phishing Attacks
  • Malware
  • Ransomware Impacts
  • Wire Fraud
  • CATO (corporate Account Takeover) Losses